IMARC Group, a leading market research company, has recently releases report titled “Ammunition Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ammunition market size, trends, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Ammunition?
Ammunition refers to a supply of materials, typically in the form of projectiles or explosives, that are used with firearms or other weapons. It consists of components designed to be fired from a weapon to cause damage, deliver force, or achieve a specific purpose. It also includes bullets, shells, cartridges, or any other type of munition that is loaded into a firearm or weapon system. It varies depending on the type of weapon it is designed for, including firearms like pistols, rifles, shotguns, and machine guns, as well as artillery shells and other heavy weapons. It is used for target shooting, hunting, self-defense, military combat, or specialized applications like armor-piercing or explosive rounds.
How big is the Ammunition Market?
The global ammunition market size reached US$ 23.85 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.67 Billion by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.
What Are the Growth Prospects and Trends in The Ammunition Industry?
At present, the increasing demand for efficient ammunition in military modernization programs in various countries represents one of the vital factors impelling the growth of the market. Besides this, the rising number of civilians owning firearms for self-defense and recreational shooting purposes is contributing to the growth of the market. In addition, the growing advancements in ammunition technology are offering a favorable market outlook. Apart from this, increasing investments by governing agencies of various countries in strengthening their military and defense systems to prevent terrorist attacks and maintain the safety of citizens are supporting the growth of the market.
What is included in market segmentation?
The report provides detailed segmentation of the global ammunition market based on based on product type, caliber, guidance, lethality, application and region.
Product Type Insights:
Bullets
Aerial Bombs
Grenades
Mortars
Artillery Shells
Others
Caliber Insights:
Small
Medium
Large
Guidance Insights:
Guided
Non-Guided
Lethality Insights:
Less-Lethal
Lethal
Application Insights:
Defense
Military
Homeland Security
Civil and Commercial
Sporting
Hunting
Self-Defense
Others
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Ammo Inc., Arsenal 2000 AD, BAE Systems PLC, CBC Ammo LLC, Denel SOC Ltd, Hanwha Corporation, Herstal Group, Hornady Manufacturing Company, Nammo AS, Nexter group KNDS, Northrop Grumman Corporation, Nosler Inc., Remington Outdoor Company Inc, Rheinmetall AG, Sierra Bullets (Clarus Corporation), etc.
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023–2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape